Press

Providence Resources Technical Update - Dunquin South

Posted by OilVoice Press - OilVoice

20-Jul-2018


  • 2017 3D SEISMIC DATA RECEIVED AND INITIAL EVALUATION COMPLETE

  • INTERPRETATION CONFIRMS THE PRESENCE OF THE LARGE DUNQUIN SOUTH PROSPECT

  • LARGE POTENTIAL BREACH POINT IMAGED OVER DUNQUIN NORTH PROSPECT

  • INTERNAL SEISMIC REFLECTIVITY AND VELOCITIES INDICATE DUNQUIN RIDGE TO BE OF SEDIMENTARY ORIGIN

Dublin and London – July 20, 2018 - Providence Resources P.l.c. (PVR LN, PRP ID), the Irish based Oil and Gas ExplorationCompany (the “Company”), today provides a technical update regarding Frontier Exploration Licence (“FEL”) 3/04 locatedin the southern Porcupine Basin. FEL 3/04 is operated by Eni Ireland BV (36.913%) on behalf of its partners, Repsol Exploracion Irlanda SA (33.557%), Providence Resources P.l.c. (26.846%) and Sosina Exploration Limited (2.684%),collectively referred to as the “FEL 3/04 Partners”. The licence contains the undrilled Lower Cretaceous “Dunquin South”carbonate exploration prospect as well as the “Dunquin North” residual oil accumulation.

The FEL 3/04 Partners have now received the recently acquired Dunquin 3D seismic data and an initial interpretation has been completed. This interpretation has confirmed the presence of the previously mapped Dunquin South prospect. In addition, a large and significant potential fluid escape feature is evident over the previously drilled Dunquin North prospect. No such feature is evident over the Dunquin South prospect. Imaging of the underlying c. 700 km2 Dunquin Ridge has also been greatly enhanced and the internal reflectivity, in tandem with the seismic interval velocities, indicate the ridge to be of sedimentary origin.

Speaking today, Dr John O'Sullivan, Technical Director of Providence said,

“The new 3D seismic data over FEL 3/04 are greatly enhancing our understanding of the exciting exploration potential ofthis block. The presence of a major chimney over Dunquin North has been identified as the main reason for prospect failure. It is obviously highly encouraging that no such feature has been identified over Dunquin South, which we believe substantially de-risks this exciting exploration prospect.

In addition, the data are suggesting a sedimentary versus volcanic origin for the erstwhile enigmatic Dunquin Ridge, which itself may provide another very significant stacked exploration target for a future Dunquin South well.”

Dunquin SouthProvidence ResourcesSouth PorcupineBasinOffshore

More items from oilvoice


Petrofac Appoints Chief Digital Officer

Petrofac has appointed Fady Sleiman Chief Digital Officer as the oilfield services company continues its digital transformation. Fady joins from MENA investment company Waha Capital, where he was Chief Information Officer/Group Head of IT for the Abu Dhabi based company from 2014. Prior to that ...

OilVoice Press - OilVoice


Posted 8 hours agoPress > PetrofacAppointmentChief Digital Officer

Churchill Drilling Tools: North Sea Operator Cuts Rig Time Using Churchill Circulation Tool For Hole Cleaning and BOP Jetting

Operator saves more than six hours rig time and eliminates an extra trip in hole using dart activated DAV MX™ Circulation Sub Operator benefits from DAV MX™'s resilience and versatility through hole cleaning and BOP jetting on recent exploration well Churchill's technology to be showcased a ...

OilVoice Press - OilVoice


Posted 9 hours agoPress > North SeaChurchill DrillingDrilling +1

NPD: Delineation of the 15/3-4 (Sigrun) Oil and Gas Discovery Near the Gudrun Field in the North Sea – 15/3-11

Equinor Energy AS, operator of production licence 025, has concluded the drilling of appraisal well 15/3-11 on the 15/3-4 (Sigrun) oil and gas discovery. The well was drilled about 10 km southeast of the Gudrun field in the North Sea, and about 225 km west of Stavanger. The objective of the well ...

OilVoice Press - OilVoice


Posted 9 hours agoPress > NPDNorwayNorwegian Petroleum Directorate +11

NPD: Production Figures July 2018

Preliminary production figures for July 2018 show an average daily production of 1 911 000 barrels of oil, NGL and condensate, which is an increase of 64 000 barrels per day compared to June. Total gas sales were 10.8 billion Sm 3 (GSm 3 ), which is an increase of 1.5 GSM 3 from the previous mo ...

OilVoice Press - OilVoice


Posted 9 hours agoPress > NorwayNPDNorwegian Petroleum Directorate +6

Range Resources: Trinidad Operations Update

Range, an international oil and gas company with assets in Trinidad and Indonesia, and an oilfield services business in Trinidad, is pleased to provide an update with respect of its Trinidad operations. Infrastructure upgrade programme Range is pleased to advise that it has commenced the sale ...

OilVoice Press - OilVoice


Posted 9 hours agoPress > Range ResourcesTrinidadOperations Update +3
All posts from oilvoice